Overnight Rate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The gold price climbed as high as $2,365 in the last trading session, marking a fresh all-time high with all focus on the US CPI and FOMC.

OTTAWA (Reuters) -Canada's gross domestic product strongly rebounded in January exceeding expectations and February's preliminary estimates point to another expansion, data showed on Thursday, tempering pressure on the Bank of Canada (BoC) for an early rate cut. The economy grew by 0.6% in January, its fastest growth rate in a year, which the Statistics Canada called a broad-based expansion led by a bounce back in education services benefiting from an end of public sector strikes in Quebec. Analysts polled by Reuters had forecast a GDP growth of 0.4% on a month-on-month basis in Ja...

OTTAWA (Reuters) -The Canadian economy expanded at an annualized rate of 1.0% in the fourth quarter, exceeding expectations, data showed on Thursday, a result that should ease interest rate-cutting pressure on the central bank. Fourth-quarter gross domestic product (GDP) was higher than the Bank of Canada's (BoC's) expectation for zero growth and analysts' median forecast for an expansion of 0.8% growth. January GDP likely gained 0.4% from December, Statistics Canada said in a flash estimate.

USD/CAD Analysis Today: USD/CAD Lower as Traders Await BoC - Traders eye Bank of Canada's Monetary Policy Report and US GDP data. Support levels in focus.

The gold price is trading in the green at $2,033 at the time of writing. The metal seems determined to hit new highs as USD lost momentum.